Lundin Mining sells Tenke mine stake to BHR Partners for $1.5B

Lundin Mining Corp. agreed to sell its 30% indirect interest in TF Holdings, owner of the Tenke copper-cobalt mine in the DRC, to China's BHR Partners for $1.5 billion. The deal is contingent on Freeport McMoRan's sale of its stake to China Molybdenum.

“Lundin Mining Corp. is selling its stake in TF Holdings, owner of the Congolese Tenke mine, to a Chinese private equity firm for $1.5 billion, as part of a transfer of ownership of the mine to Chinese companies.”financialpost.com

• 1 source
• financialpost.comLundin Mining sells stake in giant Congolese copper mine for $1.5 billion - Financial PostSunny FreemanNov 15, 2016

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